Acquisition

1st September, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza P. J. Towers Plot No. C-1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Acquisition of Shares – GHK Hospitality & Infrastructures Limited Further to our letter dated 16th July, 2026, we write to advise that the Company has today, i.e., 1st September, 2026, acquired 100% of the share capital of GHK Hospitality & Infrastructures Limited (‘GHK’). Confirmation to this effect has been received by the Company today at 6:15 p.m. Consequently, GHK has become a wholly owned subsidiary of ITC Hotels Limited with effect from 1st September, 2026. The details, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular dated 30th January 2026, are provided in the Annexure. Yours faithfully ITC Hotels Limited Diwaker Dinesh Company Secretary Encl.: As above Annexure Sl. Particulars Disclosures 1. Name of the target entity GHK Hospitality & Infrastructures Limited (‘GHK’). 2. Whether the acquisition would No. fall within related party transaction(s)? Whether the promoter / No. promoter group / group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at ‘arms length’ 3. Industry to which the entity being Hospitality. acquired belongs 4. Objects and impact of acquisition The transaction would allow the Company to expand (including but not limited to, its owned asset portfolio in Ahmedabad across all disclosure of reasons for market segments through an established hotel acquisition of target entity, if its (currently operated by the Company under an business is outside the main line Operating Services Agreement). This value-accretive of business of the listed entity) acquisition provides an opportunity to the Company to capitalise on Ahmedabad’s diversified year-round demand. 5. Brief details of any governmental None. or regulatory approvals required for the acquisition 6. Indicative time period for The Company has completed the acquisition of completion of the acquisition 100% of the share capital of GHK today, i.e., on 1st September, 2026. 7. Consideration - whether cash Cash. consideration or share swap or any other form and details of the same Sl. Particulars Disclosures 8. Cost of acquisition and / or the Enterprise value of ₹ 155 crores on a cash-free, price at which the shares are debt-free basis, subject to customary adjustments as acquired set out in the Share Purchase and Share Subscription Agreement executed on 16th July, 2026. 9. Percentage of shareholding / The Company has today, i.e. 1st September, 2026, control acquired and / or number completed the acquisition of 2,82,27,741 equity shares of shares acquired of GHK (comprising 1,54,54,545 equity shares through primary subscription and 1,27,73,196 equity shares through secondary purchases), in terms of the Share Purchase and Share Subscription Agreement. 10. Brief background about the entity GHK is a public limited company having its registered acquired in terms of products / office in Ahmedabad, Gujarat, India. It is engaged in line of business acquired, date of the hospitality business and owns a hotel named ‘Welcomhotel Ahmedabad’ with 130 keys. incorporation, history of last 3 years turnover, country in which Other details are as follows: the acquired entity has presence and any other significant Products / line of As stated above information (in brief) business acquired Date of 10th May, 2007 incorporation 2025-26 ₹ 35.16 crores Last 3 years’ 2024-25 ₹ 31.23 crores turnover (based on 2023-24 ₹ 25.62 crores audited accounts) India Country in which the acquired entity has presence